Lumax Auto Technologies has incorporated LUMAX AUTOCOMP PRIVATE LIMITED as its wholly-owned subsidiary.

This strategic move aims to tap into new growth avenues within the automotive components sector, aligning with the company's broader vision.

The initial paid-up capital of the new entity is Rs. 0.1 Cr, fully subscribed by Lumax Auto Technologies via cash consideration, securing 100% ownership.

This development positions LATL to further expand its presence in the automotive market.